Meat Flavor Market to exceed $7.5 Bn by 2032, Says Global
From GlobeNewswire: 2024-11-14 06:30:00
The meat flavor market is projected to exceed USD 7.5 billion by 2032, driven by the demand for flavors that enhance meat taste in processed foods and plant-based alternatives. Beef flavor, a key segment, is expected to reach USD 2.4 billion, with North America leading in consumption. Powdered meat flavors are forecasted to grow at a 7.2% CAGR, reaching USD 3.2 billion by 2032, due to their versatility and convenience in various food applications. In North America, the meat flavor market is set to reach USD 2.6 billion, with a 7.4% CAGR between 2024 and 2032, driven by consumer preference for savory snacks and processed foods.
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